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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: Gary Korn who wrote (24967)	11/29/1997 3:14:00 PM
From: Larry J.	Read Replies (1) of 61433

Gary, Hope you had an excellent Thanksgiving as well. What I forgot to add in my previous post is that First Call currently has '98 @ 1.16. The whole premise to my argument (and more importantly, my reason for continuing to hold) is that this number is simply too low based on the projected growth rate. (This model assumes that top-line growth will be driven into earnings). Its only a matter of time (poss. as soon as earnings on 1/16) that we will see upgrades and earnings revisions closer to the $1.43 level for '98. Don't get me wrong, though, I would be very pleased to see a buyout (Dec. 10, 11?) by CPQ, IBM, LU, NT, BAY, CSCO or anyone else for that matter as long as the price is near $50. There are several high-tech bargains at the moment that I would love to diversify into. Larry

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